Heydar Babayev
Encyclopedia
Heydar Babayev Aydin oglu was an Azerbaijan
i politician serving as the Chairman of State Committee for Securities
under auspices of the President of Azerbaijan
and Minister of Economic Development
.
, Azerbaijan
. In 1980, he graduated from the International Economic Relations department at Taras Shevchenko National University of Kyiv in Ukraine
. He started his career working as an inspector at the Chamber of Commerce of Azerbaijan Republic. In 1981, he was assigned to work as foreign exchange inspector and later assistant manager of economy department at the USSR Foreign Economic Relations Bank. After the collapse of Soviet Union
, he was employed as the representative of Xariciiqtisadibank in Turkey
. In 1997, he was elected Vice President of Mostbank and was assigned to lead its chapter in Great Britain
.
under auspices of the President of Azerbaijan Republic on July 26, 1999 he was appointed its chairman by President
Heydar Aliyev
(Later on, the agency was be re-established as an independent government committee on November 19, 2008). On October 19, 2005 Babayev was appointed Minister of Economic Development after the previous minister Farhad Aliyev
was sacked by President Ilham Aliyev
in the run-up to parliamentary election of 2005. On October 30, 2008 Babayev was removed from his post being replaced by Shahin Mustafayev
in the government
reshuffle.
Azerbaijan
Azerbaijan , officially the Republic of Azerbaijan is the largest country in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, Armenia to the west, and Iran to...
i politician serving as the Chairman of State Committee for Securities
State Committee for Securities (Azerbaijan)
The State Committee for Securities of Azerbaijan Republic is a governmental agency within the Cabinet of Azerbaijan in charge of regulation of activities in securities market, protecting rights and interests of investors, shareholders and other owners of securities in Azerbaijan Republic...
under auspices of the President of Azerbaijan
President of Azerbaijan
The country of Azerbaijan is a presidential republic, with the President of Azerbaijan as the head of state, and the Prime Minister of Azerbaijan as head of government...
and Minister of Economic Development
Ministry of Economic Development (Azerbaijan)
The Ministry of Economic Development of Azerbaijan Republic is a governmental agency within the Cabinet of Azerbaijan in charge of economic development, state investments, economic relations, foreign investments, sustainable development and business promotion activities in Azerbaijan...
.
Ealy life
Babayev was born in 1957 in BakuBaku
Baku , sometimes spelled as Baki or Bakou, is the capital and largest city of Azerbaijan, as well as the largest city on the Caspian Sea and of the Caucasus region. It is located on the southern shore of the Absheron Peninsula, which projects into the Caspian Sea. The city consists of two principal...
, Azerbaijan
Azerbaijan
Azerbaijan , officially the Republic of Azerbaijan is the largest country in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, Armenia to the west, and Iran to...
. In 1980, he graduated from the International Economic Relations department at Taras Shevchenko National University of Kyiv in Ukraine
Ukraine
Ukraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...
. He started his career working as an inspector at the Chamber of Commerce of Azerbaijan Republic. In 1981, he was assigned to work as foreign exchange inspector and later assistant manager of economy department at the USSR Foreign Economic Relations Bank. After the collapse of Soviet Union
Soviet Union
The Soviet Union , officially the Union of Soviet Socialist Republics , was a constitutionally socialist state that existed in Eurasia between 1922 and 1991....
, he was employed as the representative of Xariciiqtisadibank in Turkey
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
. In 1997, he was elected Vice President of Mostbank and was assigned to lead its chapter in Great Britain
Great Britain
Great Britain or Britain is an island situated to the northwest of Continental Europe. It is the ninth largest island in the world, and the largest European island, as well as the largest of the British Isles...
.
Political career
With establishment of State Committee for SecuritiesState Committee for Securities (Azerbaijan)
The State Committee for Securities of Azerbaijan Republic is a governmental agency within the Cabinet of Azerbaijan in charge of regulation of activities in securities market, protecting rights and interests of investors, shareholders and other owners of securities in Azerbaijan Republic...
under auspices of the President of Azerbaijan Republic on July 26, 1999 he was appointed its chairman by President
President of Azerbaijan
The country of Azerbaijan is a presidential republic, with the President of Azerbaijan as the head of state, and the Prime Minister of Azerbaijan as head of government...
Heydar Aliyev
Heydar Aliyev
Heydar Alirza oglu Aliyev , also spelled as Heidar Aliev, Geidar Aliev, Haydar Aliyev, Geydar Aliyev was the third President of Azerbaijan for the New Azerbaijan Party from June 1993 to October 2003, when his son Ilham Aliyev succeeded him.From 1969 till 1982, Aliyev was also the leader of Soviet...
(Later on, the agency was be re-established as an independent government committee on November 19, 2008). On October 19, 2005 Babayev was appointed Minister of Economic Development after the previous minister Farhad Aliyev
Farhad Aliyev
Farhad Shovlat oghlu Aliyev is an Azerbaijani politician who was born in 1963 in Alar, a village of Jalilabad district, Azerbaijan. He was removed from post in 2005 and accused of plotting a coup d'etat.-Early life:...
was sacked by President Ilham Aliyev
Ilham Aliyev
Ilham Heydar oglu Aliyev is the President of Azerbaijan since 2003. He also functions as the Chairman of the New Azerbaijan Party and the head of the National Olympic Committee...
in the run-up to parliamentary election of 2005. On October 30, 2008 Babayev was removed from his post being replaced by Shahin Mustafayev
Shahin Mustafayev
Shahin Mustafayev Abdulla oglu is an Azerbaijani politician serving as the Minister of Economic Development.-Ealy life:Mustafayev was born on June 13, 1965 in Noyemberyan, Armenia. In 1989, he graduated from the Baku branch of Voznesensky Saint Petersburg State University of Economics and Finance....
in the government
Cabinet of Azerbaijan
The Cabinet of Azerbaijan is the chief executive body of the Republic of Azerbaijan.-The Executive Power:The President of the Republic of Azerbaijan is the head of state....
reshuffle.